5432 Portage RdPortage, MI 49002

  • Other commercial real estate
  • 5,268 SF
For Lease
$20/SF/YR View listing

Property Details for 5432 Portage Rd

Year built
1990
Lot size
1.37 AC
Property size (Sq ft)
5,268 SF
Zone code
B-3
Property type
Other commercial real estate
APN
10-00002-005-A
APU
1000002005A

Description

This exceptional 5,268-square-foot former McDonald's restaurant in Portage, Michigan, is available for lease. Located at the signalized intersection of Portage Road and Winters Drive, this Class A property boasts a prime location directly across from the Battle Creek/Kalamazoo International Airport, experiencing over 20,000 cars daily. Completely renovated in 2018, the single-story building features a drive-thru, pylon signage, and a built-out kitchen. The 1.37-acre lot provides ample space, and the property includes 65 parking spaces. This versatile property offers a unique opportunity for a variety of retail or restaurant uses. Potential tenants can lease the existing building or explore ground leasing the entire 1.37-acre parcel. The property is situated in Kalamazoo County, Michigan, with the address being 5432 Portage Rd, Portage, MI 49002. This high-visibility location presents a significant advantage for any business seeking strong exposure and accessibility. The property's recent renovation ensures modern amenities and functionality, minimizing upfront capital expenditures. Consider the potential of this well-positioned, ready-to-occupy commercial space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,134,097
    Hospitality
    $1,038,827
    Educational
    $864,292
    Medical
    $894,016
    Retail
    $1,344,454
5432 Portage Rd, Portage, Michigan

Location Insight

City
Portage
County
Kalamazoo
State
Michigan
Latitude
42.2378
Longitude
-85.5608
CBSA code
28020
CBSA name
KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$20,540
-
-
$427,200
-
-
-
$854,400

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